Sunday, 6 September 2009

Would you default on your mortgage, even if you could afford to make the monthly payments?

When negative equity rose to $50,000, 7 percent of those who consider strategic defaults to be immoral said they'd walk away. At $100,000 negative equity, 22 percent would do so. At negative $200,000, 37 percent of those with moral objections would nonetheless default, and at $300,000, 38 percent said they would.

About Me

Gen is the Founder/Principal of Oyster Real Estate Investments, Inc., a San Francisco-based real estate investment consulting company, serving clients in Japan and United States. He is currently focusing on clients’ real estate investments in Austin, Texas and Zihuatanejo, Mexico. Gen has managed 250+ property transactions/consultations in Austin, Manhattan and San Francisco and is skilled in finding below-fair-market-value, no-qualifying-seller-financing and bulk(package)-purchase discount properties.
He also writes a very popular blog in Japanese about real estate investing in USA and Mexico: http://blogs.yahoo.co.jp/sfscottiedog. Prior to founding Oyster Real Estate Investments, Inc., Gen held senior management positions in various large corporations: McCann-Erickson (Tokyo and San Francisco)- Account Supervisor; Levi Strauss & Co (Asia-Pacific)- Consumer Marketing Manager; Yahoo! Inc.(Sunnyvale)- Senior Director of International Sales and Marketing.
Gen Shibayama and his wife own and manage approximately 50 properties (100 units) in Austin, Manhattan and San Francisco.